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26 of 102 unique stocks in common · Jaccard: 25.5%
A weighted portfolio overlap of 48.46% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹48.46 is allocated to the exact same companies at the same relative proportions. The schemes share 26 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.19% in HDFC Flexi Cap Fund and 9.45% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in ICICI Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in HDFC | in SBI |
|---|---|---|
| ICICI BankBanks | 9.19% | 9.45% |
| HDFC BankBanks | 5.71% | 9.85% |
| State Bank of IndiaBanks | 4.16% | 3.98% |
| Axis BankBanks | 6.19% | 3.39% |
| Larsen & ToubroConstruction | 3.16% | 4.30% |
| Kotak Mahindra BankBanks | 3.27% | 2.80% |
| Bharti AirtelTelecom - Services | 2.58% | 5.00% |
| EternalRetailing | 3.39% | 2.15% |
| Maruti Suzuki IndiaAutomobiles | 2.74% | 1.60% |
| Reliance IndustriesPetroleum Products | 1.44% | 7.83% |
| HCL TechnologiesIT - Software | 2.48% | 1.26% |
| JSW SteelFerrous Metals | 1.45% | 1.11% |
| Power Grid Corporation of IndiaPower | 2.04% | 1.08% |
| Interglobe AviationTransport Services | 2.98% | 1.07% |
| Eicher MotorsAutomobiles | 2.44% | 0.99% |
| Tata SteelFerrous Metals | 0.88% | 1.38% |
| Ultratech CementCement & Cement Products | 0.87% | 1.23% |
| CiplaPharmaceuticals & Biotechnology | 2.47% | 0.72% |
| SBI Life Insurance CompanyInsurance | 3.19% | 0.71% |
| Max Healthcare InstituteHealthcare Services | 1.49% | 0.70% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.68% | 0.83% |
| Bharat ElectronicsAerospace & Defense | 0.62% | 1.35% |
| InfosysIT - Software | 0.54% | 3.61% |
| Adani EnterprisesMetals & Minerals Trading | 0.51% | 0.75% |
| Bajaj AutoAutomobiles | 0.46% | 1.22% |
| Oil & Natural Gas CorporationOil | 0.26% | 0.82% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.